One in five sellers cuts prices amid retreating buyer demand.
One in five sellers cut prices as inventory rises and pending sales fall, signaling softer comps, heightened lending risk/ opportunity for private lenders.
CMLS CEO Jessica Edgerton urges an embrace of complexity at Open House.
Edgerton’s announcement of a new broker membership tier at CMLS represents a deliberate recalibration of how broker services and access are packaged within an established industry forum. Framed as a membership innovation, the move signals a strategy to segment the broker market by needs [...]
Ivy Zelman warns of overbuilding amid slowing household growth.
Zelman & Associates’ updated outlook signals a significant deceleration in household formation, projecting roughly 1 million net new households per year in the latter part of the decade compared with about 1.8 million earlier. That moderation materially reduces baseline demand for new housing, altering [...]
GSEs issue policy waiver for lenders unprepared for UAD 3.6.
Industry guidance has clarified that lenders obtaining a one‑time waiver may continue using UAD 2.6 for a limited transitional period beyond its scheduled retirement. The move provides immediate operational relief for originators and appraisal processors that lack fully deployed system or vendor integrations, reducing [...]
CRMLS declines Compass demands concerning MLS cooperation rules.
Multiple Listing Services (MLSs) are signaling a coordinated defensive posture by preparing for potential litigation and establishing an MLS Cooperation Legal Defense Fund to support challenges tied to cooperation policies. The fund is positioned to underwrite legal fees, coordinate strategy across member organizations, and [...]
Reverse mortgages are the largest underserved market in the industry.
Speakers at the industry forum in Austin laid out practical borrower scenarios showing how older homeowners can responsibly unlock a vast pool of home equity—nearly $15 trillion—without compromising housing stability. Using real-world case studies, the presenters illustrated a spectrum of strategies that convert illiquid [...]
Choice market emerges as sellers face rising price pressure.
A cooling trend in the Austin and Houston housing markets is shifting leverage toward purchasers as a spate of seller price reductions opens up previously out-of-reach listings. Reduced asking prices are expanding practical inventory, softening the frequency of competitive bidding and lengthening marketing time [...]
Utah lawmaker resigns after mortgage fraud charge over false income claims
Utah lawmaker resigned after prosecutors charged him with alleged mortgage fraud involving false employment and income documents used to obtain Layton home
Rocket Mortgage adopts VantageScore 4.0 as default for eligible loans.
Rocket Mortgage adopts VantageScore 4.0 as preferred model for eligible DTC mortgages after testing 1.4M+ credit reports—implications for private lenders...
Florida agents face rate pressure and longer market times.
ORRA data indicates a pronounced shift in buyer behavior as rising borrowing costs reshape affordability and demand. More than half of prospective buyers are migrating toward lower-priced homes, a move driven in large part by the 30‑year fixed mortgage climbing above 7%. That combination [...]